Scotiabank provides US$125 million revolving term credit facility to Denison Mines
Client
The Bank of Nova Scotia
On July 7, 2008, Denison Mines Corp. (TSX:DML)(AMEX:DNN) announced that it had entered into a credit agreement with The Bank of Nova Scotia for a US$125,000,000 revolving term credit facility.
The facility will be secured by the assets of Denison Mines Inc., a wholly-owned subsidiary of Denison and guaranteed by Denison. The facility is for a term of three years and will be used for general corporate purposes and for the development of various of its uranium projects in North America and internationally.
Denison Mines Corp. is a premier intermediate uranium producer in North America, with mining assets in the Athabasca Basin region of Saskatchewan, Canada and the southwest United States including Colorado, Utah, and Arizona. Further, the Company has ownership interests in two of the four conventional uranium mills operating in North America today. The Company also has a strong exploration and development portfolio with large land positions in the United States, Canada, Mongolia and Zambia.
The Bank of Nova Scotia was advised by a team from Fasken Martineau that included Thomas Meagher and David Ferris (banking) and William Bies (tax).
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